BECN - (BECN) Trading Signals

2024-07-09 23:38:00 ET

Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Beacon Roofing Supply Inc. (NASDAQ: BECN) with integrated risk controls.

Warning:

The trading plans were valid at the time this was published, but the support and resistance levels for BECN change as time passes, and this should be updated in real time.  Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports

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Instructions:

Use the basic rules of Technical Analysis.  Here are some examples: if BECN is testing support the signal is to buy and target resistance.  On the other hand, if resistance is tested, that is a sign to short, and target support.  No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for BECN too.  All of these are offered here: Access our Real Time Trading Plans

Longer Term Trading Plans for BECN

• Buy BECN slightly over 88.78 target 96.43 stop loss @ 88.52
• Short BECN slightly under 96.43, target 88.78, stop loss @ 96.71

Swing Trading Plans for BECN

• Buy BECN slightly over 89.25, target 96.43, Stop Loss @ 88.99
• Short BECN slightly near 89.25, target 88.78, Stop Loss @ 89.51.

Day Trading Plans for BECN

• Buy BECN slightly over 89.25, target 89.5, Stop Loss @ 89.04
• Short BECN slightly near 89.25, target 88.78, Stop Loss @ 89.46.

BECN Technical Summary | Raw Data for the Trading Plans